Agricultural holding Mriya regained control of 10 companies

Agricultural holding Mriya returned to corporate law 10 legal entities and their land assets in the amount of 5 thousand hectares. the decision made by the Commission under the Ministry of justice for the review of complaints in the sphere of state registration.

As reported by the press service of the holding company, the relevant order of the Ministry of justice was abolished registration actions with respect to these companies in the State register of legal entities, individuals-entrepreneurs and community groups, as well as in the State register of the ware rights to immovable property.

The company claim that corporate rights above-mentioned companies were illegally reissued by the previous management Mriya on third-party individuals not associated with the agricultural holding. “Later, illegal owners of the enterprises have changed the composition of their members (owners), a change in leadership initiated the procedure of liquidation and termination of leases of land shares and their reissue to other legal entities,” – said in the message.

“The previous owners of the company at the time of default was illegally withdrawn a few dozen legal entities that were issued more than 1000 pieces of equipment and leases about 60 thousand hectares, – said the Director of the legal Department of the holding Sergey Ignatovsky. – And for more than 2 years that last of the criminal investigation and trial, this is the first real action by the state aimed at protecting the rights of foreign investors and returning their stolen property.”

“The Commission of the Ministry of justice rescued from the raider seizure of the company, the investors which have invested in the Ukrainian economy more than 30 billion UAH. The Ministry of justice returned the property to investors from the US, France, Germany and Italy, which have invested in agricultural holding Mriya. Imagine the scale and importance of the companies in which foreign creditors have invested virtually 25% of all foreign investments in Ukraine in 2016! The Ministry of justice promptly examined the complaints to capture the agricultural holding Mriya. Was abolished more than 4000 illegal registration actions and returned the property to the rightful owners”, – said the Deputy Minister of justice Pavel Moroz.

We will remind, in August 2014, the dream, are unable to settle with creditors on current obligations and defaulted. The total debt of the agricultural holding given guarantees and sureties provided by Mriya companies affiliated with the family of Gut, at the time of default was $1.3 billion.

February 2015 asset, Mriya moved to its creditors – mostly European and American investors who took the decision to maintain the agricultural holding.

In early February 2015 was appointed as the new management of Mriya, and in September 2016, the committees of creditors and bond holders of the holding agreed on terms for restructuring the debt portfolio of the company, which today is $1.1 billion.